INSUBCONTINENT EXCLUSIVE:
largest property insurer has surged by the daily limit every day since its initial public offering to trade at 7.04 yuan per share on the
mainland on Thursday afternoon
Bloomberg Intelligence, wrote in a note
years, and the IPO was the second-largest in China this year, despite getting reduced in size amid weakness in the equity market
institutional investors such as China Life Insurance Co
and China Taiping Insurance Holdings Co
Insurance (Group) Co., which has yuan-denominated shares that trade at a discount to those in Hong Kong.
